Three-Story Medical Office
5440 W Sahara Ave Las Vegas, NV 89146
5440 W Sahara Ave, Las Vegas, NV, 89146
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For Sale
Contact for pricing
C-1 zoned, three-story office building with available medical and traditional office space.
Property Size39,311 SF
Price / SF$165.35
Days on Market119
Property Features for 5440 W Sahara Ave
General Information
- Standard status
- Active
- Size
- 39,311 SF
- Property subtype
- OFFICE
Listing agency
Logic Commercial Real Estate | Las Vegas
(310) 880-8054
Listed by
Scott Donaghe · License #S.0172934
Source
Moodyscre
Added: Mar 27 Updated: Jul 22 at 1:41AM Checked: Jul 22 at 1:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Logic Commercial Real Estate | Las Vegas
Investment Insights
Based on property information with market context.
This three-story office building was built in 1998 and offers available medical and traditional office space. The top floor features panoramic views. Monument and building signage are available, supporting tenant branding and visibility.
The property is located in a vibrant corridor with frontage on W. Sahara Avenue. A heavy medical tenant mix is noted for the area. Zoning is C-1.
Parking is available with 106 surface spaces and 36 covered spaces, or 3.6/1,000 SF as provided. The offering is described as currently undergoing an NNN conversion while rents are reported as under market.
The property is located in a vibrant corridor with frontage on W. Sahara Avenue. A heavy medical tenant mix is noted for the area. Zoning is C-1.
Parking is available with 106 surface spaces and 36 covered spaces, or 3.6/1,000 SF as provided. The offering is described as currently undergoing an NNN conversion while rents are reported as under market.
Key Highlights
- Available medical and traditional office space for lease: ±873 to 10,359 SF
- Heavy medical tenant mix on a vibrant corridor with frontage on W. Sahara Avenue
- Three‑story office building (year built 1998) with panoramic views on the top floor
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $943.5k | $24.00 |
| − Vacancy | −$75.5k | −$1.92 |
| EGI | $868.0k | $22.08 |
| − OpEx | −$347.2k | −$8.83 |
| NOI | $520.8k | $13.25 |
39,311 SF · lease $24.00/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Office B
$8.64M
$7.56M – $10.08M
NOI $604,996 @ 7.0% cap · market cap 9.31%
Second Best
Healthcare Medical
$7.44M
$6.51M – $8.68M
NOI $520,792 @ 7.0% cap · market cap 8.01%
Theoretical Best
Specialty Retail
$13.58M
$11.89M – $15.85M
NOI $950,853 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
IONGRAFIX
Film Production
Chetu, Inc
(Bike/Boat/Book/etc) Store
Dr. Ejine Okoroafor, ...
Physician
Kristy Muir APRN
Physician
Dr. Alex V. ...
Physician
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FAQs
What type of property is this?
Office units - C-1 zoned, three-story office building with available medical and traditional office space.
Where is this office units located?
The property is located at 5440 W Sahara Ave Las Vegas, NV.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Available medical and traditional office space for lease: ±873 to 10,359 SF; Heavy medical tenant mix on a vibrant corridor with frontage on W. Sahara Avenue; Three‑story office building (year built 1998) with panoramic views on the top floor
